Report: Brady, Patriots agree to extension

( Rich Schultz /Getty Images)

By DANNY JAILLET

FOXBOROUGH, Mass. — According to a report from Peter King of Sports Illustrated.com, the New England Patriots and quarterback Tom Brady have agreed to a three-year $27 million contract extension. This contract lasts until 2017, when Brady is 40 years of age. This puts him in a position to retire as a Patriot.

This deal will pay him an immediate $3 million signing bonus in addition to $7 million in 2015, $8 million in 2016, and $9 million in 2017. According to King, with this new deal, the Patriots will save $28.6 million in the next two years, which amounts to $15 million worth of savings on the salary cap. His original deal would have amounted to $43.6 million on the team’s cap, a hefty price in comparison with this new deal.

Now, this gives New England the flexibility to sign multiple players to long-term deals. One has to wonder if a reduced deal means that Wes Welker is returning as a Patriot. Either way, it is honorable for Brady to take a smaller salary for the benefit of the organization and it speaks to his selflessness and team-oriented nature.

Last season, the eight-time Pro Bowler threw for 4,827 yards, 34 touchdowns, and just eight interceptions. However, the end result was disappointing for both fans and team alike as New England lost 28-13 to the eventual Super Bowl champion Baltimore Ravens in the AFC Championship Game.

In what has been a very busy offseason for the Patriots, another key signing has taken place. Now, New England has additional chances to go for their fourth Super Bowl with Brady at the helm.

About Danny Jaillet

Danny Jaillet is a big Boston College Eagles and college hockey fan. He lives, breathes and sleeps sports. Writing is a hobby of his and sports writing allows me to combine his two favorite hobbies. He also authors the Dan’s Sports Report blog, which can be found at the following link: http://danssportsreport.com/. He was born in 1995 in Bogota, Colombia and lives in Maynard, Mass. with one sister, a cat and a dog. While attending Maynard High School, he tries to be as involved with the school’s athletic programs as possible. He also enjoys collecting autographs. If you want to get his thoughts on sports, follow his Twitter account @DJaillet95. Go Eagles!
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